3 ms·
I highly doubt there is a "lack of competition" in China. For each and every one of those "Facebook, Messenger, Instagram, Twitter, Snapchat, Youtube, Gmail, Dr
by doppp 10y ago
I highly doubt there is a "lack of competition" in China. For each and every one of those "Facebook, Messenger, Instagram, Twitter, Snapchat, Youtube, Gmail, Dropbox, Vimeo, SoundCloud" you mentioned, there are a hundred similar companies.
In fact, I'd argue that competition is rife and more ruthless in China than in Silicon Valley. The moment you have a good idea, ten companies will appear the next day hot on your heels. Even if the American stalwarts were to enter the Chinese market, who's to say they won't be crushed by Chinese competition?
- Apocryphon 10y agoOn the other hand, the customer base is also much larger in China.
- bx_ 10y agoWith that said, reputation and word of mouth is everything in China. Before an app like Didi was the king, people were changing ride share apps every month. New deals, new coupons, new rumors, etc... The tide changes really fast here. Didi just happened to be the only app that could hang in there. Regardless of how many people there are, if 10 people online say something is not worth using, no one else is going to use it.